SGX Nifty indicates flat to positive opening for Indian markets
Asian markets opened in the green led by the Japanese ‘Nikkei’ as it traded higher by over 300 points in early trade accompanied by gains in Taiwan and South Korea.
November 12, 2021 7:48 IST|India Infoline News Service
SGX Nifty is at 17,971.80 levels, higher 12.75 points. (Updated at 7:48 AM).
The Nifty saw a closed in the red for the 3rd day running with the Nifty falling as low as 215 points before last hour buying saw the index close lower by 143 points.
Bank Nifty was the main contributor as it fell over 500 points with large-cap banks like SBI, ICICI, and Axis leading the index lower.
Mid-caps also saw weakness as collateral selling saw PSU stocks end lower.
US Market: US markets closed mixed as Disney and Visa shares drag Dow Jones lower by 150 points while Nasdaq sees a smart rebound closing higher by 85 points.
Bond yields remain unchanged at 1.57% while the US$ index hits a fresh new 1-year high at 95.25. Brazilian ‘Bovespa' leads smart emerging market rally gaining over 2%. While oil sees selling pressure to close lower Gold edges higher.
Asian Market: Asian markets opened in the green led by the Japanese ‘Nikkei’ as it traded higher by over 300 points in early trade accompanied by gains in Taiwan and South Korea.
Metal prices see a rebound after a sharp selloff over the last week. Chinese stocks will be in action as higher commodities bode well for Corporates engaged in the production of metals.